Senior Data and Policy Analyst
The onset of the COVID-19 pandemic first caused mass unemployment, followed by a rapid tightening of the labor market and heightened inflation. University of Michigan researchers are tracking which populations and workers experienced the most disruption during this period of upheaval in America’s workforce. Using monthly data released by the Bureau of Labor Statistics, U-M’s Rapid Insights Jobs Report analysis provides key charts and findings that highlight new developments in the labor market.
On Nov. 4, the Bureau of Labor Statistics announced the U.S. added 261,000 jobs in October. While the rate of job growth rate has slowed from the fast pace of recovery in 2021 and early 2022, job growth remains well above the pre-pandemic average job growth of 164,000 jobs per month in 2019.
The labor market analysis is conducted by Betsey Stevenson, economist at the Gerald R. Ford School of Public Policy, and Benny Docter, senior data and policy analyst at Poverty Solutions. The project is funded by the Robin Hood Foundation, with support from the Ford School and Poverty Solutions.
October Jobs Report: US employers are hiring briskly even in face of rate hikes
September Jobs Report: What would the job market look like if there’d been no COVID pandemic?